https://www.engineeringnews.co.za

November inflation ticks slightly higher to 5.2%

 November inflation ticks slightly higher to 5.2%

Photo by Bloomberg

12th December 2018

By: News24Wire

  

Font size: - +

November inflation ticked up to 5.2%, according to data released by Statistics South Africa (Stats SA) on Wednesday. 

This is up from inflation of 5.1% recorded for October. 

Analysts from NKC Economics had forecast inflation to come in at 5.2%.

RMB Global Markets Research head Nema Ramkhelawan-Bhana expected inflation figures to be unchanged at 5.1%, due to "relatively stable" fuel prices.  

The main contributors to inflation were alcoholic beverages and tobacco which increased to 4.8%, year-on-year, followed by miscellaneous goods and services which increased by 5.5% year-on-year.

Retail sales data for October will be released at 13:00. NKC analysts expect sales growth to accelerate to 2.5%, from 0.7% recorded in September. 

US consumer inflation data will also be released later with expectations that it will decline to 2.2% from 2.5%, given weaker energy prices in November, according to NKC. 

Edited by News24Wire

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.091 0.142s - 161pq - 2rq
Subscribe Now